CleanTech Lithium boosts resource at Laguna Verde ahead of planned listing
July 19, 2023 at 03:28 pm
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CleanTech Lithium PLC (AIM:CTL, OTCQB:CTLHF) executive chairman Dr Steve Kesler speaks to Thomas Warner from Proactive London after the Chile-focused exploration and development company reported a substantial resource upgrade at its Laguna Verde lithium project.
The drilling program at Laguna Verde increased the Measured and Indicated resource to 1.1 million tonnes of lithium carbonate equivalent, providing a strong foundation for the pre-feasibility and production planning.
Dr. Kesler emphasises that the increase in the measured and indicated resource strengthens CleanTech's confidence in achieving a base production level of 20,000 tonnes per year, with the prospect of "even higher" production levels in the future. He also highlights the Chilean government's stated aim of increasing the country's lithium production capacity.
Cleantech Lithium aims to secure an ASX listing in the third quarter of this year. Kesler concludes with an update on CleanTech's Francisco Basin project, also in Chile, and promises "lots of good information for Australian investors" to come during the next few weeks.
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Proactive UK Ltd
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uk@proactiveinvestors.com
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CleanTech Lithium PLC is a Jersey-based exploration and development company advancing sustainable lithium projects in Chile. The Companyâs assets consist of four prospective lithium projects, spanning approximately 1,250 square kilometers (km2) in the lithium triangle in Chile. Its projects include Laguna Verde, Francisco Basin, Llamara and Salar de Atacama. Its Laguna Verde and Francisco Basin projects are located 300 kilometers (km) by road from the mining center of Copiapo in the Atacama region of Chile. The Laguna Verde Project features a hypersaline lake covering approximately 15.2 km2 and consists of 108 mining licenses at the low point of the basin with a large sub-surface. Francisco Basin Project has a total exploration license area of over 127 km2. Llamara is a greenfield lithium exploration project with a license area totaling over 344 km2 located in the Pampa del Tamarugal basin. Salar de Atacama project covers a total area of over 377 km2.